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Slight Accumulation Day
Posted on 12/27/2006 18:23 PM | Link | Post Comment
The market put in a pretty solid day. Volume ran well below average, but was up noticeably from yesterday's levels. That qualifies as an accumulation day, though I would put an asterisk by it.
Breadth was also very solid, with advancers trouncing decliners, and net new highs expanding.
The leading indexes were homebuilding and energy, which is a bit strange. But all the sectors performed well, nonetheless.
GOOG was able to add back 10 points, which was nice to see. And AAPL shook off all of its early weakness to finish in positive territory. I would like to see tech extend these gains into week's end.
long AAPL, GOOG
Breadth was also very solid, with advancers trouncing decliners, and net new highs expanding.
The leading indexes were homebuilding and energy, which is a bit strange. But all the sectors performed well, nonetheless.
GOOG was able to add back 10 points, which was nice to see. And AAPL shook off all of its early weakness to finish in positive territory. I would like to see tech extend these gains into week's end.
long AAPL, GOOG
- Will The Streak End At 8?
- Sneak Peak Ahead Of The Open
- The Week Ahead
- A Mostly Flat Open
- Midday Check
Examples
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NOTE: Please click on the charts below to enlarge them if [read more]
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